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From the SF Business Times: With the America’s Cup races in San Francisco just 19 weeks away, the competition could become something of a political football. San Francisco Supervisor John Avalos has called for a hearing into what he fears will be a shortfall in funding to offset the city’s costs in hosting the Cup. Avalos, in one interview, said he hoped the city does not end up “subsidizing this event for the wealthiest people in the world.”

While not commenting on the fund raising, America’s Cup officials said they hoped political rhetoric does not color people’s impressions of the races. Stephen Barclay, CEO of the America’s Cup Event Authority, told the San Francisco Business Times that he hoped local residents would not view the America’s Cup as just a yacht race for the rich. Read on.

 

February 21st, 2013

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